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Xerox Mortgage Services’ BlitzDocs® Receives
Synergy Award
Award highlights technology initiative and interoperability
ATLANTA, October 19, 2007 – Xerox
Mortgage Services, formerly Advectis®, Inc.,
provider of one of the most widely-used solutions for electronic
mortgage document collaboration, announced today that it
received the 2007 SourceMedia, publisher of Mortgage
Technology Magazine, Synergy Award for its BlitzDocs
solution.
Announced at the MBA’s 94th Annual Convention & Expo
2007 the Synergy Award recognizes technology initiatives
and alliances that show exemplary interoperability in
a production setting to advance the cause of automation
and e-commerce.
“We are honored to receive an award that highlights
the primary purpose of our technology,” said Greg
Smith, vice president and general manager of Xerox Mortgage
Services. “We created BlitzDocs to not only increase
loan turnaround and streamline processes, but to increase
collaboration among mortgage participants. The BlitzDocs
network has grown considerably and the synergy associated
with multiple parties using the same electronic loan
folder is one of the greatest benefits.”
With BlitzDocs, mortgage participants can capture, submit,
organize, underwrite, audit, share and deliver loan documents
electronically. BlitzDocs’ network includes top
lenders, broker shops, mortgage insurance companies,
due diligence providers, quality control companies, correspondent
buyers and investors.
This announcement comes days after news that Xerox acquired
Advectis, renamed it to Xerox Mortgage Services, and
made it part of Xerox Global Services (XGS). XGS focuses
on innovative document management and collaboration services
customized for the mortgage industry.
About Xerox Mortgage Services
Xerox
Mortgage Services, a part of Xerox Global Services, provides
one of the mortgage industry’s most widely-used
solution for electronic document collaboration. The Web-based
BlitzDocs Collaboration Suite provides access to the BlitzDocs
collaborative electronic document network where participants
capture, submit, underwrite, audit, share, deliver and
archive loan documents. BlitzDocs customers benefit from
a network with tens of thousands broker shops, the top
seven mortgage insurance companies and four of the top
due diligence providers. Collectively, BlitzDocs investor
participants represent more than 70 percent of loans purchased
in the secondary market. For more information call 678.460.2460
or visit www.xerox-xms.com
About Mortgage Technology Magazine
and SourceMedia Inc.
Mortgage Technology magazine explores the real return on automation associated
with lending technology. The publication’s mission is to provide the pros
and cons of various business strategies associated with Mortgage Technology today.
The Mortgage Division of SourceMedia also publishes Broker, Origination News,
Mortgage Servicing News, Managing REO and the group’s flagship publication National
Mortgage News.
SourceMedia, an Investcorp company, provides market
information, including news, analysis, and insight to
the financial services and related industries such as
accounting and technology, through its publications,
industry-standard data applications, seminars and conferences.
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